3. (1) Notwithstanding anything contained in any law, rule, regulation, agreement or contract for the time being in force, on the commencement of this Ordinance,- (a) the Haor Development Board established under section 3 of the Haor Development Board Ordinance, 1977 (Ord. IX of 1977), hereinafter referred to as the said Board, shall stand dissolved; (b) the undertakings of the said Board shall be transferred to such Divisional Development Boards as the Government may direct; (c) all debts, liabilities and obligations incurred, all contracts entered into, and all matters and things engaged to be done by, with or for, the said Board arising out of, connected with or incidental to, any undertaking before the commencement of this Ordinance shall be deemed to have been incurred, entered into or engaged to be done by, with or for, the Divisional Development Board to which the undertaking has been transferred under clause (b); (d) all suits and other legal proceedings instituted by or against the said Board arising out of, connected with or incidental to, any undertaking before the commencement of this Ordinance, shall be deemed to be suits and other legal proceedings by or against the Divisional Development Board to which the undertaking has been transferred; and (e) the Haor Development Board Ordinance, 1977 (Ord. IX of 1977), shall stand repealed.